Below is information related to a piece of equipment that Jarrus Corp disposed of in $20$X$1.$

Original acquisition price Accumulated depreciation Expected useful life at acquisition $($in years$)$ Expected salvage value Disposal Price

$$850,582$ $$161,60415$ $$42,562$ $$631,314$

$1)$ Prepare the journal entry that Jarrus Corp would record on the sale of the equipment for $$631,314$ in cash. Be sure to use cell references to calculate your answer, and input all debit entries before credit entries. If a cell should not be used, then leave it blank.